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Project details
Public Expenditure Management – Peer Assisted Learning (PEMPAL)
| Type of entry | Project |
|---|---|
| Date (start - end) | 01.07.2012 - 31.12.2017 |
| Scheduled status | Completed |
| Areas of intervention | |
| Sectors |
15111 - Public finance management |
| Locations |
Albania Bosnia and Herzegovina Republic of North Macedonia Moldova Serbia Turkey Kosovo* Montenegro |
| Donors |
State Secretariat for Economic Affairs (SECO)
State Secretariat for Economic Affairs (SECO) Holzikofenweg 36 0041 58 462 56 56 |
| Implementers |
World Bank Group |
| Beneficiaries |
Albania Bosnia and Herzegovina Kosovo* Moldova Montenegro Serbia Republic of North Macedonia Turkey |
| Description | The ECA region comprises a diverse group of countries that have suffered a major economic downturn in the early 1990s, moving from socialism toward market economies. Since then, governments have been undertaking macroeconomic stabilization and fiscal adjustments. As a result of the 2008 global financial turmoil, macroeconomic and financial stability risks have increased markedly and growth prospects have worsened. Thus, prudent public expenditure management with efficient and effective allocation of public services is crucial. Strengthening the quality of Public Financial Management (PFM) responds to the widely shared concern that many governments in transition countries are not spending their financial resources as effectively and transparently as they should, and that institutional controls on public expenditures are weak. |
* This designation is without prejudice to positions on status, and is in line with UNSCR 1244 and the ICJ Opinion on the Kosovo declaration of independence